U.S. Senate GOP wants to hike debt limit by $5 trillion in mega-bill
Source: Nebraska Examiner
By: Jennifer Shutt - June 16, 2025 6:27 pm
WASHINGTON U.S. Senate Republicans unveiled Monday that they plan to raise the countrys debt limit by $5 trillion in the big, beautiful bill, a full $1 trillion more than House GOP lawmakers proposed in their version.
The provision is tucked into the Senate Finance Committees 549-page section of the package, which also includes tax law changes and how Republicans in the upper chamber plan to rework Medicaid.
The bill is one of 10 the Senate will bundle together in the days ahead before bringing the full package to the floor for debate and amendment votes.
Senate Majority Leader John Thune, R-S.D., hopes to approve the legislation before the Fourth of July break, but because the chamber is changing the House bill in numerous ways, it will have to go back across the Capitol.
Read more: https://nebraskaexaminer.com/2025/06/16/repub/u-s-senate-gop-wants-to-hike-debt-limit-by-5-trillion-in-mega-bill/
Chasstev365
(7,776 posts)For over 40 years, Republicans have pulled this shit and Americans have consistently fallen for it.
AllaN01Bear
(29,471 posts)multigraincracker
(37,637 posts)They could barrow more and raise the debt. That is tfg history.
Norrrm
(5,026 posts)Republicans can only govern by debt, not improving the economy.
no_hypocrisy
(54,893 posts)interest payments. Forget lowering the Debt.
dchill
(42,660 posts)ALWAYS.
bucolic_frolic
(55,104 posts)Debt will crush us. Clearly a plan to kick Powell to the curb early. GOP is group think on steroids, with opiates.
Baitball Blogger
(52,329 posts)Martin Eden
(15,618 posts)They want to finish the job DOGE started in destroying government agencies that actually serve the American people.
Ray Bruns
(6,346 posts)
Wiz Imp
(9,982 posts)meaning they can only afford to lose one more vote. I'm curious as to what other changes they will make. This may mean they are scaling back the Medicaid or SNAP cuts (they are probably raising the debt ceiling even higher because they would cut less spending). I still think it's going to be hard for them to get 50 votes on something that the House will also agree with.
newdeal2
(5,400 posts)Anything else and Id be surprised
Wiz Imp
(9,982 posts)And Johnson is at least a 95% guaranteed NO. They aren't going to change their minds and their votes aren't technically needed. And if it would be a guarantee everyone would fall in line then there wouldn't be any reason to make any changes, now would there? What a ridiculous statement.
https://thehill.com/homenews/senate/5353670-ron-johnson-objects-senate-bill-deficit/
The Congressional Budget Office projected the House-passed version of the bill would add $2.4 trillion to the national debt over the next decade. Johnson is the second Republican senator to say hes a no on the bill.
Sen. Rand Paul (R-Ky.) says he cant support the legislation if it raises the debt ceiling by several trillion dollars. Paul said the language in the House-passed bill to increase the debt limit by $4 trillion is unacceptable to him. The Senate version of the bill would raise the debt limit by $5 trillion.
Senate Republicans have a 53-seat majority and can only afford three defections and still pass the bill. Vice President Vance would cast a tiebreaking vote in the case of a 50-50 deadlock.
Bayard
(29,646 posts)He can claim it on his resume then, but knows the bill will still pass. It means even more draconian cuts if they try to appease him.
Johnson will probably cave. Any other deficit hawks?
Wiz Imp
(9,982 posts)So why do they need to increase the debt limit even higher? There clearly must be something sinister added to the bill that will cost an extra trillion or two which they haven't admitted to yet. Regardless, I don't see any way this will pass.
travelingthrulife
(5,178 posts)CBO says it will cost 2.4 trillion. GOP Senate says, "Hold my beer".
Deuxcents
(26,885 posts)Well mostly solved
Wiz Imp
(9,982 posts)(Tax returns and full tax payments due April 15, 2026). There is no way the Republicans will let the tax cuts expire even if it means just a simple bill extending the tax cuts.
bluestarone
(22,158 posts)How can they be stopped? Holy shit.
Mysterian
(6,482 posts)without this being thrown in their filthy, lying faces.
Of course, the lying US mass media will cover for them and decry "tax and spend liberals" as Democrats attempt to save the nation from republican insanity.
Martin68
(27,716 posts)not fooled
(6,677 posts)isn't longer than the lifespan of a GQPee lie cycle.
Ignorance and dumbassery are killing this country.
Bengus81
(10,160 posts)Go in a gut Medicare and SS and Rand Paul would piss his pants with glee to hurry up and get that Senate vote going.
Yo_Mama_Been_Loggin
(135,640 posts)Bengus81
(10,160 posts)seabiscuit5920
(28 posts)Why do republicans think they need to raise the debt limit being raised when they claimed the tax cuts will lessen the deficits?? Voodoo economics again?? Maybe they are finally learning that as in previous times when they give the billionaires huge tax breaks, the debt got substantially bigger.
DallasNE
(8,007 posts)The dollar has already lost 10% against the Euro. That is like a tariff on top of the current tariff. This move can only further weaken the dollar, making goods and services more expensive for consumers. But this will also cause interest rates to increase. That is the trifecta of bad news. Further, this all just adds up to stagflation and a hard crash.
Irish_Dem
(81,211 posts)republianmushroom
(22,322 posts)madville
(7,847 posts)And not have another debt fight for the next two years.